Why Live in Rivertown
Rivertown, a historic neighborhood in Detroit, has transformed from a warehouse district to a vibrant residential area. Located along the Detroit River, Rivertown is known for its proximity to the celebrated Detroit International Riverwalk, which spans three miles and has been named the best in the country by USA Today from 2021-23. This walkable and bike-friendly neighborhood offers access to several riverfront parks, including William G. Milliken State Park, Mt. Elliott Park, and Robert C. Valade Park, which features a sandy beach and a children’s musical garden. Rivertown's dining scene includes long-standing establishments like Andrews on the Corner, Atwater Brewery and Taphouse, and the fine dining Rattlesnake Club. The area also hosts the Outdoor Adventure Center, a hands-on museum, and the Aretha Franklin Amphitheater, a popular outdoor concert venue.
Rivertown's residential options have expanded with the development of condos and high-rises, making it an attractive area for young professionals. The neighborhood is conveniently located near three grocery stores and served by a DDOT bus route along Jefferson Ave. While the area is more suited to young professionals, families have educational options such as Detroit Waldorf School. Rivertown's central location near downtown Detroit brings both the perks and challenges of city living, including noise from cargo ships on the Detroit River.
Home Trends in Rivertown, MI
On average, homes in Rivertown, Detroit sell after 78 days on the market compared to the national average of 51 days. The median sale price for homes in Rivertown, Detroit over the last 12 months is $225,000, down 6% from the median home sale price over the previous 12 months.
Median Sale Price
$225,000
Median Single Family Sale Price
$320,000
Median Townhouse Sale Price
$362,000
Median 2 Bedroom Sale Price
$260,000
Median 1 Bedroom Sale Price
$156,950
Average Price Per Sq Ft
$228
Number of Homes for Sale
25
Last 12 months Home Sales
36
Median List Price
$260,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
-6%
